National Beverage Corp.
Find Ratings ReportsNATIONAL BEVERAGE CORP's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. NATIONAL BEVERAGE CORP is extremely liquid. Currently, the Quick Ratio is 2.85 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 50.28% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 270.07 | 268.48 |
EBITDA ($mil) | 52.88 | 48.93 |
EBIT ($mil) | 48.18 | 44.43 |
Net Income ($mil) | 39.59 | 34.36 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 276.96 | 118.32 |
Total Assets ($mil) | 719.88 | 526.39 |
Total Debt ($mil) | 58.16 | 40.88 |
Equity ($mil) | 510.22 | 339.5 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 37.67 | 37.03 |
EBITDA Margin | 19.58 | 18.22 |
Operating Margin | 17.84 | 16.55 |
Sales Turnover | 1.64 | 2.22 |
Return on Assets | 23.51 | 26.63 |
Return on Equity | 33.18 | 41.3 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 3.68 | 2.58 |
Debt/Capital | 0.1 | 0.11 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 93.53 | 93.35 |
Div / share | 0.0 | 0.0 |
EPS | 0.42 | 0.37 |
Book value / share | 5.45 | 3.64 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 160132.0 | 147705.0 |
BUY. The current P/E ratio indicates a premium compared to an average of 22.25 for the Beverage and Tobacco Product Manufacturing subsector and a value on par with the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 8.67 indicates a significant premium versus the S&P 500 average of 4.68 and a premium versus the subsector average of 7.67. The current price-to-sales ratio is well above the S&P 500 average, but below the subsector average. After reviewing these and other key valuation criteria, NATIONAL BEVERAGE CORP proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FIZZ 26.12 | Peers 22.25 | FIZZ 23.65 | Peers 19.91 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. FIZZ is trading at a premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. FIZZ is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FIZZ 23.75 | Peers 16.98 | FIZZ 1.07 | Peers 1.14 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. FIZZ is trading at a significant premium to its peers. |
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FIZZ trades at a valuation on par to its peers. |
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Price/Book |
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Earnings Growth |
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FIZZ 8.67 | Peers 7.67 | FIZZ 20.66 | Peers 357.05 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FIZZ is trading at a premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FIZZ is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FIZZ 3.74 | Peers 3.77 | FIZZ 0.90 | Peers 9.01 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FIZZ is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FIZZ significantly trails its peers on the basis of sales growth. |
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